July 30 (Reuters) - Illinois Tool Works ( ITW ) lifted

the low end of its annual profit forecast range on Wednesday, as

it expects pricing actions on its industrial equipment to

cushion the impact of tariffs.

U.S. President Donald Trump's expansive tariffs have

driven up costs of raw materials, including steel and aluminum,

squeezing margins for industrial equipment makers and forcing

them to raise prices to offset the impact.

Illinois Tool Works ( ITW ) said in May that localized

production, flexible operations and a diversified business mix

have helped it navigate economic uncertainty.

The company, which supplies components and fasteners to

major clients including Ford and BMW, is

capitalizing on the rapid growth of the automotive sectors.

The automotive OEM segment was the biggest contributor

to overall revenue with $845 million, followed by the test and

electronics segment with $686 million.

Illinois Tool Works ( ITW ) now expects 2025 profit to be in the

range of $10.35 to $10.55 per share, compared with its prior

projection of $10.15 to $10.55 per share. It also lifted

full-year its revenue growth forecast range to between 1% and

3%, from 0% to 2%.

The company said its on-going pricing actions are

projected to offset tariff cost impacts and current foreign

exchange rates.

The industrial company posted second-quarter operating

revenue of $4.05 billion, compared with analysts' average

estimate of $4.02 billion, according to data compiled by LSEG.

It reported a quarterly profit of $2.58 per share, compared

with $2.54 per share a year earlier.